₦airaland Forum

Yadid:
Phew! Could it be that the government is then enjoying this weak naira?

The governors are because they have more money to spend and nobody is monitoring them.

Jayhome24:
Ajaero now face the governor.

That's why we tell people that there is so much focus on the center. Nobody looks the way of the subnationals. Nigerians and labour are blaming FG for offering #60k meanwhile the governors are saying that it's too much.

Fiscal Federalism is required so that the subnationals will start to think of how to generate revenue. The unviable ones should fold up.

Nonsense. Tired of this kobo kobo addition. Going back and forth. Table reasonable offer. The range should be government offer: #70k and labour offer #120k.

Shikini:
What about the billions of dollars stolen by govern officials?
.

So we should allow an entity to operate without regulation and payment of relevant taxes. Can they try this in their home country.

Omooba77:
It is just pure wickedness, increase pump price, yet subsidy is still being paid.....

If no subsidy at all is paid the pump price should have been over #1,500 per liter because of the exchange rate and increase in crude price.

Kafirbigot:
When them tell Dem say .....

Leave us in PEACE let us Mourn.

Worthless Agbado and useless almajiri 1 NIGERIA noisemakers and bigots won't allow us to rest


Today is Sit at home ..

All ROADs are empty .. any checkpoint or any gathering of military personnel will Not be accepted


E be like say una think say MEN dey play ...


NONSENSE....

If the military throw their weight on the area and raze the whole place down you will start calling government names. It do dey sweet you now.

Next is to change from the bogus presidential to parliamentary system of government.

All these for breakfast? Stop overloading your system.

Crazy appointment

triplechoice:
Go back to your previous comment and see it wasn't consequential adjustment you talked about You were doubling each level like a layman as if that's how it's done in the civil service. You gave very wild figures. Instead of admitting your mistakes you want to brag.
The civil service wage structure is not the same as those in the private sector in case you don't know , Mr accountant

Minimum wage law all over the world covers all workers whether private or public sector. It's a law that sets the minimum every worker should earn in a particular country. If I work in a company where my driver earns 30k and I earn #500k, if his pay is increased to 500k are you expecting my pay to remain the same?

This is my last reply to you. Stop disturbing me. I'm forced to tell you that you lack proper understanding of what you are talking about.

triplechoice:
My friend you're ignorant. Minimum wage is for the lowest paid worker. Those at that top only enjoy marginal increase once minimum wage is reviewed upwards. It's not what you think. Go and verify from anyone you know working in the civil service.

Another thing, is that your mind is still stuck in the past and because of that you're not aware of the current value of your naira. It has been devalued after it was floated to the extent it's now almost as worthless as tissue paper. 500k doesn't have the same value like before. It's just about 150k now when you exchange it with the dollar.

And again, minimum is going to be paid to less than 5 percent of the population in Nigeria , and not everyone to cause inflation. If about 60 percent and upwards will receive it ,then you can start talking about inflation.

You're blinded by figures

Very funny man. You call a chartered accountant ignorant in matters of wages, finance and inflation. Anyway this is public forum. Have you ever heard of consequential adjustment? No further mention please.

triplechoice:
Which consequences?

You think 500k of today still has value?

Your naira is almost as worthless as tissue paper. These days,it doesn't exchange for much with other major currencies of the world, the dollar and pounds.

The actual value of your 500k is 3 times less in value than what it was a year ago. But because your mind is still stuck in the past when 500k was worth something, you still think paying that amount as minimum wage is too much money. It's not.

What can you get from the market these days with 500k that can match up with what you got a year ago? Is it food, clothing, transport or what?

The actual value of a nation's currency is what it can get for you from the market and not the figures attached to it.There are some African countries whose citizens are being paid millions in their local currency which when converted to naira will give you less., thousands in naira ,instead of millions. That's exactly the same situation the present government as created in Nigeria after floating the naira.

Tinubu led federal government has created an imbalance in the system and the only way to balance things so the economy doesn't crash in the long run is to increase wages to meet up with the current economic climate. Purchasing power is not like before.

Anything less than 250 to 300k we lead to more problems for the economy.

Manufacturers in this country are already complaining that their products are pilling up in their ware houses because of little or no saies yet you're here talking of consequences based on your theoretical understanding of what you read in an economic textbook which doesn't apply in real life.

If the naira still has much value like before and there's no inflation in the country,then, it may lead to consequences if minimum wage is increased to 500k. But unfortunately your naira is almost as worthless as shit money and so, 500k is nothing and won't result to that you fear may happen.

All these your epistle is meaningless. If the least paid worker earns 500k, the middle earners will most likely earn #2m - 5m. A GM will most likely earn #50m. The employers that will pay them will pass them on to the prices of their products and services. Then a packet of the cheapest biscuit will be #1,000. Landlords will increase average rent of a flat from present #600k to #2m.

What will be the worth of your currency and what did you gain by high wages.

Labour is just playing to the gallery to please the public. They know that their figures are unrealistic.

OkpaNsukkaisBae:
500k can't do much in this economy.

You can go ahead and pay #1m and face the consequences.

Epitome88:
In my opinion, 120k minimum wage is manageable

Then be ready to manage the consequential inflation.

Sermwell:
In my day to day activities and business engagements, I try to avoid religious people by all means!! Thier sense of reason is warped on all grounds!!
90% of people listening to him will definitely believe him!! Imagine having a kind of transactions or rational discussions with such people!!

Faith doesn't align with rationality. Rationality says seeing is believing but faith says believe and you will see.

Michael547:
How do you know I have made up my mind when you've not even quoted a scripture?

Reread you initial comment and it's clear that you don't need scriptures. I can quote loads of scriptures to you and your next call will be to engage in argument.

Jesus told us to leave such people.

Michael547:
Why not use this opportunity to explain to me from the Bible?

It's pointless explaining to a man who has made up his mind. Ride on what you believe whether right or wrong.

Michael547:
Where in the bible does God demand first fruit from Christians?

I doubt if you understand your Bible well.

condensedmilk:
When God said " Honour your father and mother so that your days may be long"

what does he mean by that?

It means that there is the place of God and the place of your parents. The bible said that the fear of God is the beginning of wisdom.

iLoveYouToo:
Man said after God is him but goes on to say 'In Jesus name'. The poor boy must be confused at this point

Hahaha..... very correct observation.

AkpaMgbor:
My first and last salary belongs to no pastor. Not even 10 percent of my money belongs to any pastor.

Do you think that genuine pastors care? They careless. No noise please.

Pastor is God's rep on earth. Let your son give his first to you and when life's troubles come let him run to you.

Please don't run to God when your son runs to you.

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

This is good for the country. It entails indigenous take over of our economy.

Mobil out and Seplat in .... nothing spoil.

Thundafireseun:
They responded within 5 mins.

I never knew Nigeria has Ambulance Service 🙀

People sit down and condemn everything Nigeria. There are still a lot of good things about this nation.

descarado:
And you think their people don't do these jobs?
We sit down in our room and wickedly judge others.
Develop your country so people will start migrating to it.
belle people everywhere.
Poverty of the mind, pocket and envy abi jealousy makes a naija man not live up to 60yrs on average
Na stat talk am

Hahaha...... You sit down and assume that anyone that condemns these things hasn't had experience. Some of us here have either had the experience, is having the experience or have direct blood relations that are having these experiences.

The truth is that menial jobs are predominantly for immigrants. Very few of their nationals pick them.

Mindlog:
Which menial job? You no know children social care.

Person whey get NVQ Level 3 Diploma in plumbing for UK, which is like equivalent of OND will easily get employed before person whey get Msc in Engineering, all those theory certificates no dey shack UK employers.

Nothing new. It happens all over the world. A technician no matter what he knows is not an engineer.

An accounting technician is not a chartered accountant.

Na manage for an msc holder to be doing care job. They have small small certifications to make it look like a profession. Why their people no dey do the job?

Some of us understand the UK inside out.

Mindlog:
Job dey but most don't meet the needed requirements. For example, in children social care sector here in the UK, work plenty once you enter the system..

This one na menial job na. Person get msc in engineering still dey do menial job. This one no sweet ooo.

AqualinaXYZ:
Thats what Tinubu is good at



Tax tax tax tax tax without putting money on good use



Kill them with tax and embezzle the money

You can't develop without generating revenue. Lazy leaders sit idle and share income from oil. Intelligent and hard working leaders generate revenue and use it for development even if some of them a filtered away.

Lagos can do what they are doing because they generate heavy revenue.

We can see some of the reasons why we have scarcity of dollar.

Usmanovic95:
Can't we have a uniform price?

No sir. It's a free market. Sell as you like.

Racoon:
While a country of 200M with discos and gencos is telling its inhabitants that the highest power output it can generate is mere 6000MW? Giant of Africa indeed.

Did you read well? The country suffers chronic power shortage. This happened due to abnormal weather situation.

flyinnizam:
The fact that the naira exchange rate being in the news always unlike few years ago says a lot about this administration. I am sure some people knows the direction I am going to.

Dollar obsession. No child cares about the prices of groceries so long as the Dad buys them. The day the dad orders that the child must pay for his groceries that day the child will become conscious of price.